Sunday, August 17, 2008

Lessons from the Middle East.

It is a well known fact that the oil resources in the middle East are estimated to exhaust in the next quarter of the Century! Oil resources account for more than 90% of their total Exports which means that the progress of the major economies might have to come to a grinding halt. However it was quite interesting to witness the move of the U.A.E. and Saudi Arabia in this regard, They have come up with a Weapon which is likely to be the most rewarding industry of all Time- The Tourism Industry. Statistics reveal that Tourism will be the future! It is expected to become a Multi Million Dollar Industry world wide. UAE has already started its preparation with many Mamoth structres like the Al Burj Tower, A Township in the middle of the Sea and many more. UAE is already known for its huge and palatial Buildings, With the Tourism Development plan being implemented , Its loss arising out of the ehaustion of Oil Resources is likely to be offset by the budding Tourism! On the other hand SAUDI ARABIA , already has the Holy Mecca in its side, The number of people visiting Mecca is also on the rise! Saudi Arabia too has already effectively implemented its Tourism Plans, Dubai Shopping Festival is an example of it- It is considered to be one of the most famous Shopping Festivals of all time. Infrastructural mrvel has been the brain child behind UAE's Plans whcih means they are going to pump in millions of Dollars for the infrastructure amenities. The same is expected with Saudi Arabia too.
Many Middle East nations are likely to follow the steps of the mightyUAE and Saudi Arabia in order to offset the loss of oil resources. Who knows " Middle East" which is known known for its hold on Oil might well be the "Ultimate Tourist Destination " in the future

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